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Apple Makes History

Apple has made history today by becoming the first publicly traded company in the US to be valued at $1 trillion. Earlier this week, Apple stock rose approximately 3 percent due to a very good third-quarter earnings report. It hit a high of $207.05 during the week.

Sara Salinas of CNBC said, “Based on a recently adjusted outstanding share count of 4,829,926,000 shares, a stock price of $207.05 nudged Apple over the finish line in the race to $1 trillion.”

Dan Ives, a GBH Insights Analyst, added that hitting $1 trillion is not the end of growth for Apple. He instead believes that this is “speaking to a new stage of growth and profitability.”

Apple may not be the only company to reach $1 trillion for long, though. Salinas added, “Amazon had also been approaching the threshold, surpassing $900 billion in market value in July.”

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